One in ten Chicago homes is currently underwater, more than double the national average.
Chicago has more homes underwater than any other city in the country, more than New York (the city with the second most homes underwater) and Los Angeles combined. "At the end of 2017, more than 135,000 Chicago-area home borrowers owed more on the mortgage than the property was worth, according to a report released by property data firm CoreLogic," writes Dennis Rodkin.
This is keeping some home owners in their current homes, because even those not at risk of foreclosure can't afford to put their homes on their market and lose the difference between what they owe on the house for and what it's currently worth. Because of this, both supply and demand fall.
"At year-end, 10 percent of Chicago-area homeowners with a mortgage were underwater. That's twice the nationwide rate of 4.9 percent," Rodkin reports. Miami is the only other large city in the country with a higher rate of underwater home ownership.
FULL STORY: Chicago leads U.S. in underwater homes
Report: Transit Oriented Development Leads the Market in Major Metros
A report released last week by Cushman & Wakefield has won a lot of attention from media outlets covering large-scale development market trends. Among the report's findings: growing cities need to better support transit-oriented development.
A Theory of Gentrification—And Where It Goes Wrong
Does gentrification always follow massive disinvestment?
Understanding Cities Through Their Life Cycles
Cities go through ups and downs over time, and where a city is in its longer history can reveal the reasons behind population changes.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Canada vs. Kamala: Whose Liberal Housing Platform Comes Out on Top?
As Canada votes for a new Prime Minister, what can America learn from the leading liberal candidate of its neighbor to the north?
The Five Most-Changed American Cities
A ranking of population change, home values, and jobs highlights the nation’s most dynamic and most stagnant regions.
San Diego Adopts First Mobility Master Plan
The plan provides a comprehensive framework for making San Diego’s transportation network more multimodal, accessible, and sustainable.
Housing, Supportive Service Providers Brace for Federal Cuts
Organizations that provide housing assistance are tightening their purse strings and making plans for maintaining operations if federal funding dries up.
Op-Ed: Why an Effective Passenger Rail Network Needs Government Involvement
An outdated rail network that privileges freight won’t be fixed by privatizing Amtrak.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
Central Transportation Planning Staff/Boston Region MPO
Heyer Gruel & Associates PA
Institute for Housing and Urban Development Studies (IHS)
City of Grandview
Harvard GSD Executive Education
Regional Transportation Commission of Southern Nevada
Toledo-Lucas County Plan Commissions